This Bill Can Assist Feds in Preparing for Retirement
The government’s 401(k)-style retirement savings programme, which is currently being debated in Congress, would allow federal employees to save for retirement for a longer time.
The SECURE 2.0 Act, was proposed by Rep. Richard Neal, D-Massachusetts, and passed the House overwhelmingly last month. The bill, which the Senate is currently considering, would raise the age at which persons, including federal employees who participate in the Thrift Savings Plan, must begin taking mandatory minimum distributions from 72 to 75 years old.
The […]